Norman Meyer Involved In Vestech Investor Dispute

Investors possibly experienced losses because of securities broker Norman Hugh Meyer [CRD: 3185642, Milpitas, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Norman Meyer has worked for NI Advisors since September 20, 2021, and for Vestech Securities Inc. since June 3, 2016. He also serves as a financial advisor at Vestech Asset Management Inc. in Wildwood, Missouri, since April 24, 2018. Here’s more about the securities broker’s disclosures and potential impact on investors.

Investor Accused Meyer Of Unsuitable Recommendations

Particularly, on July 18, 2024, a Vestech Securities Inc. client complained about Norman Meyer. Mainly, the client alleged unsuitable recommendations. Because of this, the investor supposedly sustained damages on variable annuities and non-traded REITs. Consequently, they requested $650,000 in compensation from Vestech Securities Inc. or Meyer. Evidently, this matter is pending a resolution.

Norman Meyer Disclosed Unsuitable Annuity Allegations By Silver Oak Securities Inc. Client

Specifically, a client of Silver Oak Securities Inc. contested Norman Meyer’s sales practices, according to a complaint dated April 19, 2013. Notably, the investor alleged unsuitable recommendations. Allegedly,  Meyer allegedly caused the client to sustain damages on variable annuities. As a result, they sought damages from Silver Oak Securities Inc. or Meyer in the amount of $14,000 in this matter. However, the firm denied this complaint.

Investor Accused Norman Meyer Of Breach Of Fiduciary Duty

Also, a Silver Oak Securities Inc. client filed FINRA Arbitration No. 10-01410 about Norman Meyer. The client alleged negligence, unsuitable advice, and breach of fiduciary duty. Because of this, the investor supposedly sustained damages on mutual funds. Therefore, on October 28, 2010, Silver Oak Securities Inc. settled this matter by paying the client $75,000 in damages.

Norman Meyer Disclosed Negligence Allegations By Silver Oak Securities Inc. Client

Particularly, a client of Silver Oak Securities Inc. contested Norman Meyer’s sales practices by filing FINRA Arbitration No. 10-01411. Notably, the investor alleged negligence, breach of fiduciary duty, and unsuitable recommendations. Allegedly,  Meyer caused the client to sustain damages on mutual funds. Consequently, Silver Oak Securities Inc. opted to settle the matter on October 28, 2010, by compensating the client in the amount of $85,000.

Did You Sustain Losses Because Of Meyer?

Did you experience losses because of Norman Meyer? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak to a securities attorney about a potential recovery of your investment losses. Soreide Law Group investment loss recovery lawyers help individuals throughout the United States, work on a contingency fee basis, and advance all costs. Meyer and brokerage firms Meyer worked for deny accusations of sales practice violations.